Enterprise Asset Management
Enterprise asset management is about optimizing the value that equipment and infrastructure provide over the whole life span of the asset. This can only happen through strategy and standardization.
We help clients achieve this by developing a strategic program that governs all asset lifecycle activities: capital project management, maintenance and reliability, MRO supply chain, and others. This allows clients to enforce best practices, create synergies, and better manage the total cost of ownership (TCO) for equipment and infrastructure assets.
Asset Management Programs
We help clients develop effective programs for enterprise asset management. Our programs:
- Standardize asset maintenance and management throughout the enterprise.
- Identify and control the drivers of maintenance costs and asset performance.
- Demonstrate good stewardship to customers, regulators, and other stakeholders.
We provide end-to-end services for the design, implementation, and auditing of clients’ asset management programs.
Phase 1: Design
At the beginning of the design process, we work with clients to identify objectives, create a strategic plan, and develop a strong business case to present to executive leadership and other stakeholders. Then we partner with clients to design the asset management program:
- Processes and Procedures
- Roles and Responsibilities
- Data Standards and Coding Schemes
- IT Requirements and Recommendations (EAM, CMMS, GIS, ERP, etc.)
- Key Performance Indicators (KPIs) and Auditing Standards
Our clients breeze through the design process with the help of our two proprietary solutions. SynergyTM Asset Management System provides a fully documented template for the client’s asset management program, including detailed processes and procedures. EAM Master Data LibraryTM provides failure codes, MRO classifications, and other data standards so the client can quickly establish best practices for data governance.
Phase 2: Implementation
Once the design process is complete, we partner with clients to implement the asset management program. We train personnel in new practices, provide change management support, and develop master data for assets and spare parts. We also provide IT services, such as EAM software configuration and systems integration, through our in-house team of application experts and a strong network of technology partners.
Phase 3: Auditing
Auditing is essential for continued improvement. SwainSmith trains clients to conduct internal audits using our appraisal process and toolset. We also conduct external audits that provide an objective assessment of how well the asset management program is performing. Our asset management auditing services ensure that the client’s program is accomplishing its objectives and keep the organization focused on improvement.
Maintenance & Reliability Practices
Maintenance management and reliability improvement are at the core of our enterprise asset management programs. We help clients improve maintenance productivity, reduce labor and material costs, and increase asset reliability by establishing standards and best practices for all maintenance processes:
- Work Identification and Control
- Work Planning (Standard Jobs, PM/PdM Work)
- MRO Supply Chain Coordination (Reservations, Requisitioning)
- Operations Coordination (Shutdown Events, Work Priorities)
- Work Scheduling (12-Month, 8-Week, Weekly, Daily Schedules)
- Work Completion Procedures
- Asset Reliability, RCAs, FMEAs
Our approach ensures that maintenance workflows are structured, repeatable, and consistent. This creates a stable foundation for other maintenance strategies, such as reliability-centered maintenance (RCM), condition-based maintenance (CBM), and total productive maintenance (TPM).
MRO Materials Management & Procurement
SwainSmith has 20 years of experience helping clients improve MRO supply management and procurement. Our services include storeroom design, MRO catalog development, inventory optimization, and implementation of purchasing controls and best practices.
Our enterprise asset management programs cover the complete MRO supply chain, including storerooms and procurement. For clients who are focused on improving their MRO inventory and procurement practices, we can also develop a program exclusively for MRO materials management.
EAM Technology Consulting
We help organizations maximize ROI from asset information systems. Today’s businesses use a variety of IT systems to manage their physical assets—EAM, CMMS, APM, IOT, GIS, ERP, and others. With this much technology in play, formal processes and data standards are critical. Our enterprise asset management programs provide the standardization needed to optimize data quality, integrate systems, and ensure buy-in from users.
As an advisor on EAM software projects, we also assist clients with EAM and CMMS project planning, software selection, implementation, master data development, and system optimization.
ISO 55000 Asset Management Systems
Our formal, structured approach to physical asset management is supported by industry standards such as ISO 55001, ISO 41001, and PAS 55. In fact, our programs can help organizations achieve ISO 55000 certification faster. Read more about our ISO 55000 expertise and implementation services.
We have solved equipment and infrastructure management challenges for clients in many industries:
- Aviation & Transportation
- Food & Beverage Manufacturing
- Industrial Goods & Services
- Metals & Mining
- Oil & Gas
- Utilities & Public Works
Client Success Stories